Autumn statement: Key Points for Fleets

Delivering both the Autumn Statement and the Spending Review, Chancellor George Osborne has announced increased transport spending and more support for ultra low emission vehicles but said that the Government will delay the removal of the current diesel surcharge on Benefit in Kind car tax and will also tackle whiplash fraud with new measures. BiK levy: Headline news for fleets was the announcement of the delay in the removal of the current diesel surcharge on Benefit in Kind car tax, which was set to finish as of April 2016. Instead, the levy will be dropped from April 2021, by which point the Government says there should be new EU-wide testing procedures to ensure diesel vehicles meet air quality standards under real-world conditions, as well as in the laboratory. It’s estimated that the extension will raise an additional £1.36bn in revenue over its five-year term….